The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-04
CONDITION OF THE MARKETS
Tuesdays Boom in Corr Disappears and
Everybody Is DESTROYS OF Selling.
Wheat Records Still Lower Figures, but the
Closing Is Steady and prOmising-0ats
DISQUALIFICATION Fairly Active.
MONEY, BONDS AND STOCKS.

A Marked Change For the Better, in Which
All Active Shares Participate.
NEW YORK, Aug. 3.-Money on call was easy
ct per cent; closing offered at A.
Prime mercantile paper. 81 06 per cent.
Sterling exchange was dull but steady and
unchanged.
The total sales Of stocks to-day were 339,62l
shares, including the following: Delaware,
Lackavanna & Western, 80, 439; Delaware &
Hudson, 4,065 Erie, 4. 200; Lake Shore. 13l 400;
Louisville & Nashville, IL, 635; Missouri Pacific,
1880; North western, IL, 465; New Jersey Central.
g. 700: Northern Pacific. 35I0 Oregon Trans
continental, 300; Reading, rs, 14O, St Paul,
40. 058; st. Paul a. Omaha. 1000; Texas Paclhc,
a,435; Union Pacific, 1910, Western Union,
1880
The uneasiness caused by the rumors IN re-
gard to the loans made by the Ives syndicate en-
tirsly disappeared to-day. and the temper OF the
market underwent marked cnanee ior the oct
ter There was renewed buying for the long
account, and the shorts began to run. The
losses OF yesterday for most of the active stocks
were quickly recovered The room traders, who
had been bearish to a man, became DIVIDED IN
opinion and their operations lacked the vim OF
the past few days. London was again liberal
purchaser and more outof-town orders to BUY
were reported by commission people than have
been seen for a long time. The poor showing OF
the earnings reported by the ST. Paul, to-
Rether with free realizations. checked the
advance at noon, and though there
was no decline Of any consequence. there was no
upward movement thereafter. A feeling OF ner-
vousness was current among the traders, who
are apprehen sive of a deal of some sort being
sprung upon the market. The interest was
monopolized by half dozen stocks. while the
remainder quiet too dull Louisville, New
Albany 81 Chicago continued its decline. but
recovered later in the day, and Virginia Mid
land, after opening down 10 per cent, recovered
5 of IL. The opening was irregular but generally
strong at advances extending TO per cent,
though Omaha was exceptionally higher at Il
advance There n large business in few
stocks with quiet trailing in the remainder of the
list, and prices were firm to strong throughout
the list and material advances were recorded
the first hour. After a slight recess
sion the upward movement was re-
newed, and still higher figures were
established The rise was checked shortly be-
fore noon, after which the market remained dull
and steady until the last hour, when 1t became
firm once more. The close quiet but firm
at or near the best figures reached. The active
list is all higher, and Lackawanna rose It;
Manhattan. Omaha and Western Union, 2 North
Western, II: Colorado Coal, Lake Shore. New
England Peoria; Decatur g. Evansville. and
Union Pacific, Ia Reading. Il; Jersey Central
and Texas Pacific, II: Missouri Pacific. IL; Pa
sfc Mail II: Northern Pacific preferred. l.
Railroad bonds were dull; saleS $780,, 600. The
final changes irregular and about equally
divided between gains and losses. St. Paul.
Minnesota division, gained 2 at III; Peoria De-
catur g. Evansville seconds lost I'll. at 764; Texas
Pacific general trust receipts s, at 624
Governments bonds were dull and firmer.
State bonds neglected. Closing quota
tions